Khalifa Fund Supports SME Owners and Entrepreneurs at AIM Startup 2019

Press release

Published April 9th, 2019 - 06:12 GMT

During the event

The pavilion of the Khalifa Fund for Enterprise Development at AIM Startup 2019, which is being held in conjunction with the 9^th Annual Investment Meeting (AIM), is attracting a large number of visitors from the representatives of small and medium enterprises (SMEs), entrepreneurs and consultants. Being held under the theme ‘Harnessing Global Digitization to Empower Startups and SMEs,’ AIM Startup will run until April 10, at the Dubai World Trade Centre.

At AIM Startup’s third edition, Khalifa Fund is showcasing its innovative services and financing solutions for national SMEs. It will also engage in knowledge and expertise sharing with decision makers, experts, and SME representatives across various fields over the course of three days.

Mouza Al Nasri, Acting Chief Executive Officer of Khalifa Fund, said: “KFED is always keen to participate in such important events to interact with various stakeholders and meet local entrepreneurs and owners of innovative SMEs. Our participation in this year’s edition of AIM Startup is aligned with our commitment to engage with Emirati entrepreneurs and help nurture their potentials, falling in line with our endeavours to create a more sustainable, innovative, and integrated society in Abu Dhabi and the UAE.”

Al Nasri added: “the event is an ideal platform to promote the culture of entrepreneurship among young people at the local and global levels. The event brings together under its umbrella a group of entrepreneurs and owners of SMEs and startup firms from all around the world, encouraging them to innovate, create and achieve excellence.”

About 500 startup companies and SMEs are taking part in this year’s AIM Startup. The participants seek to enhance their cooperation with investors and exchange knowledge with their like-minded peers worldwide. The participating startups are given an opportunity to present their ideas and projects before a line-up of entrepreneurs and experts from all over the world and across various fields. This engagement increases their chances of raising capitals and forming mutually beneficial partnerships. They also have the chance to win in the event’s competitions, as well as take part in various forums, workshops and seminars.

Background Information

Khalifa Fund for Enterprise Development

Khalifa Fund was established in June 2007 by the virtue of the (Law 14 of 2005), as an independent, Not for Profit Small and Medium Enterprises (SMEs) Socio Economic Development agency of the Government of Abu Dhabi. The purpose of establishing the fund is to help develop local enterprises in Abu Dhabi by instilling and enriching the culture of investment amongst UAE nationals, as well as supporting and developing small to medium-sized investments in the Emirate. Khalifa Fund started with a total capital of AED 300 million, which was gradually increased to AED 2 billion and covering all the UAE.